Press Releases

California Reinvestment Coalition Negotiates $8 Billion Community Benefit and Reinvestment Plan with BBCN and Wilshire Banks

LOS ANGELES COMMUNITIES WILL BENEFIT FROM BANK’S NEW COMMITMENT APRIL 6, 2016-Los Angeles— The California Reinvestment Coalition announced today they have negotiated a Community Reinvestment Plan with BBCN and Wilshire banks as part of their merger, providing $8.1 billion of loans, investments and financial services in historically marginalized communities…

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California Community Leaders Respond to CIT Group’s New Commercial Business Focus

Communities evaluating strategic plan and weighing options to weigh in with regulators on implementation of plan as bank seeks approvals Los Angeles- March 23, 2016— After a year-long merger process marked by staunch opposition from over 100 community groups, CIT Group announced a new strategic plan today focusing more…

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